Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 contracts and Memoranda of Understanding (MOU) between different entities, aiming to provide thousands of training opportunities and tasks for the worldwide labor force. This agreement was signed at the 2nd edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these initiatives will focus on certifying diverse groups, such as new graduates, females, and people with specials needs, for ideal work through specialised training programs, consisting of advancement, academic initiatives, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are presently unemployed, referall.us and nearly 20 percent of individuals aged 15 to 54 are either employed or participated in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC creates tasks with Hero apprenticeship effort

These data have actually also shown that almost 40 percent of companies report problems in filling jobs due to an inequality between labor force skills and labour market needs, with youth unemployment surpassing 30 percent in some areas worldwide. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the urgent need to develop thorough strategies to address these typical difficulties efficiently.” “Transforming them into opportunities, ultimately we can all interact to ensure the prosperity of our economies, neighborhoods, and workforces.” The minister also noted that the contracts concentrate on enhancing operational performance, promoting development, and driving worth production in positioning with Saudi Vision 2030. Key entities associated with these agreements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see collaborations emerged. INSEAD will offer academic services, while partnerships with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes focused on leadership development and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills amongst trainees and the workforce, to name a few. Share
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